Iraqi Dinar Guru opinions 3-13-20
Iraqi Dinar Guru opinions 3-13-20
3-13-2020 Newshound Guru Pimpy Is this right? Is there an article out there saying that we finally have Iraq heading towards a floating rate? This can’t be? When I found out about this I almost lost my poop… Article: “Former Minister: Iraqi Dinar On The Way To “Float”. …we want the Iraqi dinar to float. Yes we do! This article says for the purpose of reducing its value. That’s not the case. Quote: “The former minister, Jabbar, confirmed today, Wednesday, that the Iraqi dinar is on the way to floating…” …this is good news believe it or not. I’m not talking about how the dinar is gonna lower in rate…
3-13-2020 Newshound Guru Pimpy …right now the dinar is pegged. That’s a fixed exchange rate against the U.S. dollar…if it floats then what determines its value is gonna be based on supply and demand and market…this is good. As Iraq gets their crap together and the better they do the more valuable the currency becomes…we want this. We’ve been saying this for a long time. We need them to unpeg from the U.S. dollar which is a fixed exchange rate. Which is manipulated by the government and we want them to go into a floating exchange rate…just like that it can jump up in value…if we get this you’d be surprised what will happen to the dinar once the government is established. Once they’re stable and there’s no more protesting the dinar would just keep going up and up..
3-13-2020 Intel Guru MarkZ We are sitting here positioned…everything is ready…noone has been paid yet… [Will the IQD float today?] We are told the IQD is supposed to unpeg from the US dollar and start floating today…we are watching it closely. I think today will be an evolving news day.
3-13-2020 Intel/Newshound Guru sandyf …I read the IMF publications…The IMF started a concerted effort in the mid 90’s to get countries into Art 8, but to date Iraq and about 16 others have resisted the pressure. If Iraq wanted to be in Art 8, it could do so very quickly. At the end of the day the so called auctions are related to Iraqi revenue and as long as the revenue is foreign currency based the auctions will remain. Floating the currency is always an option to any country, when the currency is in trouble it is often seen as preferable to multiple devaluations. Iraq is being pushed along the same road as Egypt and that currency lost 50% of it’s value overnight.
3-13-2020 Newshound Guru Kaperoni Can I tool [toot ?] my own horn? Ok here you go…Article: “Former minister: Iraqi dinar on the way to “float” Quote: “the Iraqi dinar is on its way to float (i.e. reduce its value), and the Iraqi government may have to increase the exchange rate of the dollar to 1250 dinars against the dollar in order to obtain additional funds estimated at 4 trillion dinars in the budget and this matter is positive because it will allow encouraging the national industry because it will raise the value Imported goods and makes domestic competitive.” Maybe some of you will study monetary policy now… I do agree that under the current conditions it will probably devalue the dinar. That is why I have stated numerous times that is important that they create the conditions to launch a market economy first. If Iraq wants to succeed at raising the value they need to create a market economy, have a gov in place, cabinet and pass laws that investors will come and participate.
3-12-2020 Intel Guru Footforward [What is your opinion the rate you think? I’m hearing it could just be $4.00 or even higher.] IT’S MY OPINION THE RATE WILL NOT BE $1.34! I’m not sure how much more strongly I can state…My “opinion” is it will be over 3. I don’t want to be too specific. There is a reason I need to be somewhat vague…
3-12-2020 Newshound Guru Pimpy …APN News put out an article last April talking about the different currencies you should invest in. Article “Why You Should Invest In The Iraqi Dinar.” APN is from India…they’re talking about the US dollar, the Euro, the Japanese yen, the British Pound, the Canadian dollar. It goes on…quote “if you are interested in investing in an upcoming currency, you need to select Iraqi dinar.” They’re encouraging people to invest in the Iraq dinar. It doesn’t say like our government, avoid it. It’s a scam. No the APN is telling people to invest in the Iraq dinar. It says in the next few years Iraqi dinar is expected to become one of the major currencies in the Middle East. We know this. I know you naysayers out there going this is a scam…Here in the America they call it a scam but other counties they call it an investment..
3-12-2020 Newshound Guru Vital Brad Article “Can Iraq pay salaries after the collapse in oil prices? The government advisor answers” Well not at the current rate that their money is. That wouldn’t quite work. But is it creating a perfect storm with these lower oil prices to raise a currency value to be able to continue to pay the salaries? …reducing expenses that’s only gonna go so far. They’re gonna need to do something different like reinstate their currency which would change the value IMO. Which would cover their salaries. It’s like things are coming to a head IMO.
3-12-2020 Intel Guru MarkZ [via PDK] I am still hearing they want to have this out the door and some people in the banks by Friday… [Today is the day the dinar will start floating as soon as the UN gives their blessing…all sanctions have been lifted.] I am hearing the same thing…today should be a very busy news day. [Do you think Iraq will float their currency?] Yes I do…..It makes the most sense to me…I do not believe that will affect our rates or contract prices. They know roughly where its going to float to…I always assumed it would float. It’s the easiest way for them to buy it off the street. As soon as it starts to float a lot of people will go ahead and exchange. The float makes economic sense. …we are in a front row seat to history…it seems like it is coming unglued…its all helter skelter…the sky is falling…this is a fantastic position for us. I know its scary, but we are watching it happen right in front of our eyes.
3-12-2020 Newshound/Intel Guru Francis Albert Not sure where this “float” thing is coming from. All currencies go up and down based on people buying and selling them. I believe there’s over 5 Trillion, (that’s a T) bet on the FOREX market every DAY. And all currencies are basically pegged to the dollar whether they like it or not. As the Iraqi Dinar rises in value after going International on FOREX, the money currency players on FOREX make on a rising Dinar comes from other traders, not Iraq.
3-12-2020 Intel Guru Frank26 …the fear tactics that were used as great weapons by Iran against Iraqi citizens it ain’t there no more and it’s been replaced by the big stick of the United States of America…That’s what President Trump is. He’s got one big stick. You don’t want to be hit by it..